Real estate in Turkey has become the common talk among many people interested in real estate investment, especially in light of the facilities that the Turkish government is keen to provide continuously and the investment results that can be achieved and others.
If the real estate sector in Turkey occupies you, follow this article with us, through which we will shed light on many important aspects related to it.
Why is real estate in Turkey special?
- Real estate in Turkey can offer investors higher rental returns than other countries in Europe and this is due to the fact that rental prices are still relatively low compared to other markets.
- The cost of buying real estate in Turkey is lower than many other European countries and there are no restrictions on foreign ownership of the property.
- The tourism seasons in Turkey have witnessed a significant growth over the past few years, and this has led to an increase in the demand for rental properties, especially around popular tourist destinations such as Istanbul or Bodrum.
- Investors can benefit from tax incentives when buying or renting real estate, which makes it an attractive option for those looking for long-term investments with good returns.
- The Turkish economy is relatively stable, with clear growth and low inflation rates over recent years. This makes it a great place to invest your money without having to worry about sudden economic downturns or currency fluctuations that can affect investment returns.
- Turkey has an excellent infrastructure that allows you to move around quickly and efficiently, facilitating access to your property quickly and easily.
The best time to buy real estate in Turkey:
Real estate in Turkey is a very popular and profitable investment. Whether you are looking for a place to live, an investment property, or just a vacation home, Turkey has something for everyone. But what is the best time to buy real estate in Turkey?
The answer depends on what you are looking for and your budget. In general, the spring and summer months are the busiest times of the year in terms of real estate sales. This is when most people are looking for their dream home or investment property. Prices tend to rise during this period due to increased demand, but there may be more available options.
If you want to get a better deal on your purchase, it's best to wait until fall or winter, as this is when fewer people are looking to buy property in Turkey , so there are likely to be more discounts available from sellers who need to offload. Their properties quickly and you may also find that the banks have low interest rates and mortgage terms at this time as well.
Is it possible to buy cheap real estate in Turkey?
If you are looking for a low-cost property, one of the best options is to buy an apartment that is still under construction. This type of purchase allows you to get a good deal on your property because the construction company often offers discounts when selling apartments that are not finished yet. You don't have to worry about any expensive renovations or repairs as the developer will take care of these repairs.
You can also find cheaper options by looking at rural areas around Turkey, as these areas tend to have lower prices due to their location and lack of facilities and services nearby, however, this can be a great option if you want a quiet place away from the hustle and bustle of life in the city.
Finally, if you want a more affordable option, consider buying an older apartment that needs some work or improvements. This type of purchase can offer significant savings, but keep in mind that renovating an old property can be expensive and time consuming, so be sure to include Do that in your budget before committing to any purchases.
The possibility of buying a property online in Turkey:
Are you looking to buy a property in Turkey? If so, you should consider buying it online:
- Buying a property online makes the whole process more convenient for buyers, you don't have to travel to Turkey or meet real estate agents, everything can be done from the comfort of your home or office.
- You won't need to pay the travel expenses and commissions that usually come with traditional purchases, and this can result in significant savings on your part.
- All real estate related information is easily available at your fingertips and you can easily search the area and get all the information about the rules and regulations related to buying real estate in Turkey without having to consult experts or visit the country multiple times.
Owning real estate and obtaining Turkish citizenship:
Obtaining Turkish citizenship is a relatively simple process - but it does come with some definite benefits. Not only do Turkish citizens enjoy access to Europe's Schengen Area (which includes the UK), but they also benefit from free healthcare and education services.
Investing in real estate is one of the most popular ways to obtain Turkish citizenship - it is a straightforward process that allows investors to obtain citizenship status quickly and entails purchasing a property worth at least $400,000 USD, with a commitment not to sell the property before three years have passed.
Buying an apartment in Turkey through a specialized real estate company:
A specialist and reliable real estate company with the expertise to provide expert advice on the best available properties and can help you find the right apartment for your needs and budget, as well as advising you on any additional costs associated with the property such as taxes and fees.
A good real estate company can help ensure that the price of your new apartment is fair and reasonable, as they will negotiate with the sellers on your behalf to make sure you get what you want at a reasonable price.
Zoom Real Estate company offers you:
-Free consultations and important tips to help you in the journey of buying a property in Turkey
- Luxury real estate for sale in Istanbul, Ankara and all Turkish cities.
- Apartments for sale in Istanbul suitable for Turkish citizenship.
-Helping you to obtain real estate residence and tourist residence in Turkey.
Zoom real estate is always here for you, contact us.
Buying an apartment in Turkey requires knowledge of local laws and regulations, which makes it essential to hire a professional who knows how to handle these complexities successfully and offers guidance throughout the entire process, from reviewing the contract to finalizing the paperwork, making sure everything is done right so there are no surprises in the future.
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The latest developments in order to obtain real estate residence in Turkey.
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